Cuyahoga County to Roll Out $3 Million-plus Stabilization Fund for Small Businesses Affected by Coronavirus
Post date
March 27, 2020
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By Courtney Astolfi, cleveland.com
Cuyahoga County Executive Armond Budish on Friday announced the county would establish a stabilization fund of at least $3 million to buoy small businesses affected by the coronavirus.
The county will contribute $500,000, which will be matched 3-to-1 by the nonprofit Economic and Community Development Institute. Other community partners also will contribute, Budish said. So far, $3 million has been committed to the fund.
Small businesses, primarily those based in neighborhoods and communities, will be able to apply for loans and grants to help them get through the coming months,” Budish said.